Tricadia Capital Management Lowers stake in OneMain Holdings Inc (OMF)

OneMain Holdings Inc (OMF) : Tricadia Capital Management reduced its stake in OneMain Holdings Inc by 6.46% during the most recent quarter end. The investment management company now holds a total of 1,468,733 shares of OneMain Holdings Inc which is valued at $30,153,088 after selling 101,506 shares in OneMain Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.OneMain Holdings Inc makes up approximately 8.77% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors added OMF to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $924.Acrospire Investment Management boosted its stake in OMF in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 867 shares of OneMain Holdings Inc which is valued at $15,840. OneMain Holdings Inc makes up approx 0.01% of Acrospire Investment Management’s portfolio. Calvert Investment Management added OMF to its portfolio by purchasing 8,904 company shares during the most recent quarter which is valued at $245,483. OneMain Holdings Inc makes up approx 0.01% of Calvert Investment Management’s portfolio. Teacher Retirement System Of Texas sold out all of its stake in OMF during the most recent quarter. The investment firm sold 8,488 shares of OMF which is valued $231,383. Benjamin F. Edwards Company added OMF to its portfolio by purchasing 47 company shares during the most recent quarter which is valued at $1,418.

On the company’s financial health, OneMain Holdings Inc reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $1.06.Analysts expectations of $ 802.18.During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on OneMain Holdings Inc. Shares were Downgraded by Barclays on Nov 10, 2016 to ” Equal Weight” and Lowered the Price Target to $ 19 from a previous price target of $36 .Shares were Downgraded by FBR & Co. on Nov 8, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 26 from a previous price target of $40 .OneMain Holdings Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Nov 8, 2016.

OneMain Holdings Inc. formerly Springleaf Holdings Inc. (SHI) is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing and Real Estate. The Company originates and services secured and unsecured personal loans and offer voluntary credit insurance and related products through its branch network and its centralized operations. The Company pursues strategic acquisitions of loan portfolios through its Springleaf Acquisitions division. Springleaf Finance Inc. (SFI) is the subsidiary of the Company. SFI’s subsidiary is Springleaf Finance Corporation (SFC) which is a financial services holding company with subsidiaries engaged in the consumer finance and credit insurance businesses.

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